🚹 U.S. Spot Bitcoin ETFs saw $635.6M in net outflows on October 22, the largest daily withdrawal since June.
ETF outflows signal that some institutional investors are reducing exposure or taking profits. That can weaken near term demands for BTC and often raises volatility across the wider crypto market.
The key point: this was a sharp reversal after about $1.07B flowed into U.S. spot Bitcoin ETFs over the previous three trading sessions. So the data shows fragile, two way institutional positioning not necessarily a complete exit from crypto.
For altcoins, the effect can be amplified when BTC sentiment softens, liquidity and risk appetite often pull back faster in higher volatility assets.
Watch whether ETF flows stabilise, turn positive again or remain negative for several sessions. One large outflow is a warning signal a sustained trend would carry more weight.
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